Landscape Capital Management L.L.C. purchased a new stake in shares of Gartner, Inc. (NYSE:IT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,258 shares of the information technology services provider's stock, valued at approximately $1,459,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Gartner during the 2nd quarter valued at about $676,246,000. J. Stern & Co. LLP lifted its holdings in shares of Gartner by 8,182.0% in the 4th quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider's stock valued at $387,727,000 after acquiring an additional 1,518,333 shares during the last quarter. Norges Bank purchased a new position in Gartner in the fourth quarter worth about $299,576,000. Northwestern Mutual Wealth Management Co. grew its position in Gartner by 108,812.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider's stock worth $258,827,000 after acquiring an additional 1,025,010 shares in the last quarter. Finally, Capital International Investors grew its position in Gartner by 28.3% in the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider's stock worth $1,010,153,000 after acquiring an additional 884,250 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.
Gartner Stock Performance
Gartner stock opened at $195.92 on Friday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. Gartner, Inc. has a 1-year low of $124.25 and a 1-year high of $265.85. The firm has a market capitalization of $12.37 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 0.65 and a beta of 0.94. The company's 50-day moving average is $151.55 and its 200 day moving average is $155.15.
Gartner (NYSE:IT - Get Free Report) last announced its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.61. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. Research analysts forecast that Gartner, Inc. will post 14.42 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on IT. UBS Group upped their price objective on Gartner from $164.00 to $196.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded Gartner from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 13th. Zacks Research raised Gartner from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Truist Financial set a $205.00 price target on Gartner in a report on Wednesday, August 5th. Finally, Wells Fargo & Company raised their price target on Gartner from $120.00 to $150.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $187.30.
Read Our Latest Research Report on Gartner
Insiders Place Their Bets
In other Gartner news, Director Anne Sutherland Fuchs sold 860 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the sale, the director owned 8,097 shares in the company, valued at $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the transaction, the executive vice president directly owned 6,208 shares in the company, valued at $1,179,892.48. This represents a 16.26% decrease in their position. The SEC filing for this sale provides additional information. 2.60% of the stock is owned by insiders.
About Gartner
(
Free Report)
Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.
The company's offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.
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